Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Magnesium Hydroxide Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 3.98% during the review period (2022 to 2027).
Magnesium Hydroxide Market Overview
The global production of magnesium hydroxide increases from 613 K MT in 2012 to 788 K MT in 2017, and expect to grow at a CAGR of 3.41% from 2017 to 2022. The major manufacturers mainly concentrate in Europe, North America, Japan and China. In 2016, North American magnesium hydroxide production share was about 22%. Europe production share took 17% and Japan production share also took 17%. China took about 32%.
Magnesium hydroxide is an important inorganic material which can be used for environmental protection field, flame retardant field, pharmaceutical field and others. The largest end use for magnesium hydroxide, accounting for about 59% of consumption in 2016, is in environmental uses flue gas desulfurization and wastewater treatment. The use of magnesium hydroxide in flame retardants was a fast-growing application, and accounted for about 23% of magnesium hydroxide consumption in 2016.
Currently, many companies use magnesium ore, seawater and underground brines as the raw material of magnesium hydroxide. The manufacturing processes are natural product refining method and chemical synthesis method. Currently, chemical synthesis method was the major technology in the market, accounting for approximately 57% market share in 2016. So, the technical barriers of magnesium hydroxide are low and the magnesium hydroxide market concentration degree is relatively low in the global.
Industry News:
Martin Marietta Magnesia Specialties Announces Price Increases
BALTIMORE, Maryland - Martin Marietta Magnesia Specialties, LLC is initiating price increases for its hard burned, rotary produced Industrial and Agricultural lines of magnesium oxide. The list price for all MagChem(R) 10 grades, all AniMag(R) grades, all CropMag(R) grades and all ProMag(R) grades will increase a minimum of 5%, with increases in off list pricing higher. These price increases will become effective June 1, 2006, or as contracts allow.
What are the major Applications, Types and Regions for Magnesium Hydroxide Market?
By Type, it is segmented into
- PVC
- PE
- Engineering Thermoplastics
- Rubber
- Other
- others
- By Applications
- Chemical Synthesis Method
- Physical Method
- Others
Magnesium Hydroxide Market Regional Analysis
Asia Pacific will remain the largest region by value and volume and witness the highest growth over the forecast period due to the growing consumption of magnesium hydroxide in environmental protection, flame retardant, and pharmaceutical industries.
All these factors greatly affect the Magnesium Hydroxide Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Magnesium Hydroxide Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Magnesium Hydroxide Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Magnesium Hydroxide Market report scope?
Report Attributes
|
|
Report Details
|
Forecast Period 2022 to 2028 CAGR
|
|
- CAGR of 3.98 % during the review period (2022 to 2027).
|
By Type
|
|
- PVC
- PE
- Engineering Thermoplastics
- Rubber
- Other
- Others
|
By Applications
|
|
- Chemical Synthesis Method
- Physical Method
- Others
|
By Companies
|
|
Martin Marietta, Kyowa Chemical Industry, Yinfeng Group, ICL, Huber Engineered Materials (HEM), Konoshima, Tateho Chemical, Nuova Sima, Russian Mining Chemical Company, Nikomag, Xinyang Minerals Group, XuSen, Jinan Taixing Fine Chemicals, Wanfeng, Fire Wall
|
Regions Covered
|
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
|
2022
|
Historical Year
|
|
2017 to 2021
|
Forecast Year
|
|
2022 to 2027
|
Number of Pages
|
|
117
|
Customization Available
|
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Healthcare IT Report
- Evaluate Magnesium Hydroxide Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Magnesium Hydroxide Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Magnesium Hydroxide Market is studied from 2017 - 2027.
What is the growth rate of Magnesium Hydroxide Market?
The Magnesium Hydroxide Market is growing at a CAGR of 3.98% over the next 5 years.
Who are the key players in Magnesium Hydroxide Market?
Martin Marietta, Kyowa Chemical Industry, Yinfeng Group, ICL, Huber Engineered Materials (HEM), Konoshima, Tateho Chemical, Nuova Sima, Russian Mining Chemical Company, Nikomag, Xinyang Minerals Group, XuSen, Jinan Taixing Fine Chemicals, Wanfeng, Fire Wall
What region does this Magnesium Hydroxide Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Magnesium Hydroxide Market?
PVC, PE, Engineering Thermoplastics, Rubber, Other,Others
What are the major Applications of Magnesium Hydroxide Market?
Chemical Synthesis Method, Physical Method Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
